Economy

According to the Bank of the Republic, in November the external debt of Colombia reached 180.3 billion dollars, that is, 52.8 percent of the country's GDP. This figure represents an increase compared to October, when it obtained 178,096 million dollars, 52.2 percent of GDP, while for November 2021 it amounted to 168,300 million dollars, 53.7 percent of GDP.The bank also pointed out that in November 2022, the private external debt was 78,822 million dollars, which was equivalent to 23.1 percent as a proportion of GDP.besides, short-term private debt was 29,379 million dollars and the long-term was at 49,443 million dollars.While…

The Superintendence of Companies formulated a charge sheet against the Canadian oil company Frontera Energy Corporation for the alleged infringement of the parent and subsidiaries regime.According to the entity, the company would not have included in the disclosure of control and/or business group situations that appear in the commercial register six subordinated foreign companies with branch in colombiaAmong which are linked the company Frontera Energy Colombia Corp. (Switzerland), with a branch in Colombia, and others with domicile in Panama and the British Virgin Islands.(Read also: Superintendence will intervene Makro Vivienda for massive fundraising) The administrative investigation was initiated at the…

Latam Airlines Colombia launched to the public a quick and easy way to make the flight confirmation, so that users have a more agile and simple digital experience. “You will no longer have to 'Check-in' to obtain your boarding pass, we will do it for you”, the airline stated through its website.(Of interest: Latam Airlines launches Premium Economy cabin). This new modality has many benefits, because if you travel only with hand luggage, you can go directly to boarding; while if you go with hold luggage, you must label your bags at the self-service kiosks and go to the established…

Last Wednesday the Colombian Association of the Gastronomic Industry (Acodres) announced that it had officially filed before the office of the director of the Dian, Luis Carlos Reyes Hernández, a complaint "for possible evasion" against the Rappi address platform.According to the union, which brings together 10,000 restaurants across the country, the platform "is not advancing the respective consumption tax collection for the sales of food and beverages prepared in gastronomic establishments”.This situation "injures both the level of income that the State should receive due to low consumption, as well as the low income that gastronomic establishments manage to receive," according…